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Platinumone Business Services Limited IPO (Platinumone Business Services IPO) Detail

September 2, 2021 - September 7, 2021

Platinumone Business Services IPO is a fixed price issue of Rs 3.89 crores. The issue is entirely a fresh issue of 4.22 lakh shares.

Platinumone Business Services IPO bidding started from September 2, 2021 and ended on September 7, 2021. The allotment for Platinumone Business Services IPO was finalized on Monday, September 13, 2021. The shares got listed on BSE SME on September 16, 2021.

Platinumone Business Services IPO price is ₹92 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹110,400.

Gretex Corporate Services Limited is the book running lead manager of the Platinumone Business Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Platinumone Business Services IPO RHP for detailed information.

Platinumone Business Services IPO Details

IPO Date September 2, 2021 to September 7, 2021
Listing Date September 16, 2021
Face Value ₹10 per share
Price ₹92 per share
Lot Size 1200 Shares
Total Issue Size422,400 shares
(aggregating up to ₹3.89 Cr)
Fresh Issue422,400 shares
(aggregating up to ₹3.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion21,600 shares

Platinumone Business Services IPO Reservation

Platinumone Business Services IPO offers 422,400 shares. 200,400 (47.44%) to NII, 200,400 (47.44%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered21,600 (5.11%)
Other Shares Offered200,400 (47.44%)
Retail Shares Offered200,400 (47.44%)
Total Shares Offered422,400 (100%)

Platinumone Business Services IPO Timeline (Tentative Schedule)

Platinumone Business Services IPO opens on September 2, 2021, and closes on September 7, 2021.

IPO Open Date Thursday, September 2, 2021
IPO Close Date Tuesday, September 7, 2021
Basis of Allotment Monday, September 13, 2021
Initiation of Refunds Tuesday, September 14, 2021
Credit of Shares to Demat Wednesday, September 15, 2021
Listing Date Thursday, September 16, 2021
Cut-off time for UPI mandate confirmation 5 PM on September 7, 2021

Platinumone Business Services IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹110,400
Retail (Max) 1 1200 ₹110,400
Lot Size Calculator

Platinumone Business Services IPO Promoter Holding

Platinum Power Wealth Advisors Private Limited, Mr. Amey Narendra Saxena, Mr. Ratul Lahiri, and Mr. Vivek Yogendra Kumar are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.31%

About Platinumone Business Services Limited

PlatinumOne Business Services Limited provides customer acquisition-specific Business Process Management Services (BPMS) services to mid-size and large corporates. The company offers its services in several industries including FMCG, Real Estate, Furniture, Insurance, Consumer Durables, etc. Process offerings include Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program which are delivered through their Call Centres.

The company has a registered office in Maharashtra and has branches in Delhi & Kolkata as well. Clients include the likes of Godrej Properties, Godrej Interio, Edelweiss Tokio Life, Tally, Lodha Group, Hafele, Reliance Nippon, Capital foods.

Competitive strengths

  • Strict adherence to quality standards.
  • Focus on quality service.
  • Experienced Management Team.
  • Innovative process solutions.
  • Skilled IT team, Excellent Infrastructure, and highest quality of Technology.
  • Safe & friendly working environment for employees.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,399.13 1,409.06 1,154.90
Total Revenue 2,020.80 2,618.00 1,839.24
Profit After Tax 107.55 204.32 175.66

Objects of the Issue (Platinumone Business Services IPO Objectives)

The net proceed from the IPO will be utilized towards the following purposes;

  • Funding the working capital requirements of our Company
  • General Corporate purpose.

Platinumone Business Services IPO Review (May apply)

[Dilip Davda]  Though the issue appears lucratively priced based on super earnings, its small equity base post IPO indicates a longer duration for migration to the main board. The company operates in a highly competitive segment with many players. The sustainability of its superb performance raises concerns. Risk seeker/cash surplus investors may consider investment for the long term, others can ignore it. Read detail review...


Platinumone Business Services IPO Subscription Status (Bidding Detail)

The Platinumone Business Services IPO is subscribed 2.99 times on September 7, 2021 5:54:00 AM. The public issue subscribed 2.65 times in the retail category, times in the QIB category, and 3.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other3.34
Retail2.65
Total2.99

Platinumone Business Services IPO Prospectus

Platinumone Business Services IPO Rating

66
3.7
Rating:Rated 3.7 stars
Vote Here ...

Platinumone Business Services IPO Listing Details

Listing Date September 16, 2021
BSE Script Code 543352
NSE Symbol
ISIN INE0DTJ01015
Final Issue Price ₹92 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹92.00
₹99.95
₹99.95
₹104.90
₹104.90

Check IPO Performance…

Platinumone Business Services Limited Contact Details

Platinumone Business Services Limited
Unit No. 0907 & 0908, Lodha Supremus II
Plot No. F-4 & F-4/1, Rd No.22
Wagle Estate, Thane - 400604
Phone: +91 – 9152018640
Email: info@platinumone.co.in
Website: http://www.platinumone.in/

Platinumone Business Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Platinumone Business Services IPO - Buy or Not

Platinumone Business Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Platinumone Business Services IPO FAQs

Platinumone Business Services IPO is a SME IPO of 422,400 equity shares of the face value of ₹10 aggregating up to ₹3.89 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200 Shares.

The IPO opens on September 2, 2021, and closes on September 7, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Platinumone Business Services IPO using UPI as a payment gateway. Zerodha customers can apply in Platinumone Business Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Platinumone Business Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Platinumone Business Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Platinumone Business Services IPO opens on September 2, 2021 and closes on September 7, 2021.

Platinumone Business Services IPO lot size is 1200 Shares, and the minimum amount required is ₹110,400.

You can apply in Platinumone Business Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Platinumone Business Services IPO will be done on Monday, September 13, 2021, and the allotted shares will be credited to your demat account by Wednesday, September 15, 2021. Check the Platinumone Business Services IPO allotment status.

The Platinumone Business Services IPO listing date is on September 16, 2021.
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Platinumone Business Services IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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13 Comments

9. Aniketiaf |   Link |  Bookmark |September 24, 2021 3:40:15 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Finally sold @ 116
9.1. G J |   Link |  Bookmark |September 30, 2021 4:02:31 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
What is the Symbol for this one in Zerodha/Kite?
8. G J |   Link |  Bookmark |September 29, 2021 3:54:29 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
What is the Symbol for this one in Zerodha/Kite?
7. traderyn |   Link |  Bookmark |September 21, 2021 2:32:00 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Sebi need to reduce size it will help company and retailers both.
6. Aniketiaf |   Link |  Bookmark |September 17, 2021 1:43:41 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
No messages since long at this forum.

Am I the only person who enjoying the ride ???

Today again at upper circuit.

I think, Platinumone Limited, and BEW Eng have returned some charm at SME counter.
I wish, it will be continued through Prevest and Markoline also.

Thanks
5. Jaipur investor of IPOs |   Link |  Bookmark |September 2, 2021 4:25:55 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
May be Apply with FF
5.1. Small Investor |   Link |  Bookmark |September 16, 2021 10:42:32 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
EKI
KSOLVES
DU DIG
BEW
NOW PLATINUMORE AND NEXT IS
MARKOLINES

4. MintIndian |   Link |  Bookmark |September 13, 2021 10:06:41 PM
Anyone got allotment? Its out on the site.
4.1. Mudit |   Link |  Bookmark |September 14, 2021 10:53:37 AM
Yes, 2 Lot Allotted.
3. traderyn |   Link |  Bookmark |September 11, 2021 12:52:10 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
SME
2. The Dire Wolf |   Link |  Bookmark |September 4, 2021 4:01:13 PM
Possible listing seems between 640-875,
800 or more will be a very good listing price.

But if someone holds for long term price may cross 1050 by December.
just wait for PLI scheme for API manufacturers.
2.1. The Dire Wolf |   Link |  Bookmark |September 4, 2021 4:07:08 PM
lol i dont know how this post came, i posted this on "Ami Organics"
1. SONAMsumit |   Link |  Bookmark |August 27, 2021 6:28:21 AM
buy eki share ..eki energy